The government of India has a mint that produces gold coins for both commemorative and investment purposes. These coins are minted in pure 24-karat gold and feature the national emblem of India, as well as various cultural and historical motifs. Some examples of commemorative coins include those that mark important events or figures in Indian history, such as the 150th anniversary of Mahatma Gandhi's birth. Investment coins, on the other hand, are typically sold at a small premium over the current gold spot price and can be easily bought and sold on the open market.
One popular investment coin is the Indian Gold Coin (IGC), which is the first-ever national gold coin in the country. It is available in various denominations, from 5 grams to 50 grams, making it accessible to a wide range of investors. The coin is also unique in that it is hallmarked and bears the Ashoka Chakra on one side, and the face of Mahatma Gandhi on the other side.
Another notable coin is the Indian Gold Bullion Coin, which is also minted by the government of India. This coin is available in denominations of 1 gram, 5 grams, and 10 grams, and features the Ashoka Chakra on one side and the face of Mahatma Gandhi on the other side.
Investing in gold coins issued by the government mint of India is a safe and secure way to invest in gold. These coins are widely recognized and accepted, and their purity is guaranteed by the government. They also offer the added benefit of being exempt from the goods and services tax (GST) in India.
In addition to gold coins, the Government of India also mints Silver Coins for both commemorative and investment purposes. These coins are minted in pure 999 fineness of silver and feature the national emblem of India, as well as various cultural and historical motifs. They are widely recognized and accepted, and their purity is guaranteed by the government.